Diane Gerdes's (dianegerdes) Blog

Prayers were answered all over the world Tuesday morning when the Feds dropped the Fed rate .750 in response to Monday’s global stock melt down. The following 4 days have been a gut wrenching ride with ups and downs in Wall Street. After falling over 400 points first thing on Tuesday, stocks star...

Countries around the world are joining together and pumping billions of dollars into.....Food Banks? Medical Facilities? Alternative Fuel Sources? Little children everywhere? Nope. Merrill Lynch, Citigroup, Morgan Stanley, & UBS have already received over 27 BILLION dollars to refill their vault...

Countrywide’s acquisition by Bank of America ended a week of speculation of bankruptcy, abandonment and takeover. Bank of America’s CEO Kenneth D. Lewis flew in and saved the day for Countrywide stock holders after seeing their stock dip below $5.00 per share on Wednesday or an 88% drop since thi...

Today’s employment numbers reflected more people are without jobs since 2005. This sent a panic to the already battered Wall Street. The Fed is stating they will lower the Fed rate as much as it takes to prevent the economy from going into a housing-bust initiated recession. That’s swell. With th...